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2009-03-17 Joint CC CIC MinutesMINUTES OF THE SPECIAL JOINT CITY COUNCIL AND COMMUNITY IMPROVEMENT COMMISSION (CIC) MEETING TUESDAY- -MARCH 17, 2009- -7:27 P.M. Mayor/Chair Johnson convened the Joint Meeting at 8:02 p.m. ROLL CALL – Present: Councilmembers/Commissioners deHaan, Gilmore, Matarrese, Tam, and Mayor/Chair Johnson - 5. Absent: None. MINUTES (09-12 CIC) Minutes of the Special Community Improvement Commission Meeting held on March 3, 2009. Commissioner Gilmore moved approval of the minutes. Commissioner Tam seconded the motion, which carried by unanimous voice vote – 5. AGENDA ITEM (09-105 CC) Recommendation to approve a $3 million loan from the City Sewer Fund to the Community Improvement Commission for matching funds for construction of the Webster Street/Wilver “Willie” Stargell Avenue Intersection Project, No. P.W. 10-08-26; and (09-13 CIC) Recommendation to approve funding and award a Contract in the amount of $6,923,869, including contingencies, to Top Grade Construction for the Webster Street/Wilver “Willie” Stargell Avenue Intersection Project, No. P.W. 10-08-26. The Base Reuse and Community Development Manager gave a brief presentation. Mayor/Chair Johnson requested clarification on the State Transportation Improvement Program (STIP) funding timeline. The Base Reuse and Community Development Manager stated funding was allocated in September; the City has six months to award a Contract; after the Contract is awarded, the first invoice needs to be processed within the following six months; construction needs to commence shortly after the award of the Contract; overall construction needs to be completed in one year. Special Joint Meeting Alameda City Council and Community Improvement Commission March 17, 2009 1 Mayor/Chair Johnson inquired what would happen if timelines are not met, to which the Base Reuse and Community Development Manager responded the $4 million would be forfeited. Mayor/Chair Johnson inquired whether staff is watching to see whether the project would qualify for stimulus funding, to which the Base Reuse and Community Development Manager responded in the affirmative. Councilmember/Commissioner Matarrese inquired: 1) whether the City would be paid back the $3 million in Sewer Fund money if stimulus funding were received; 2) what would happen if Catellus does not move forward; and 3) whether the City would only receive $2 million back from Catellus or whether the $2 million is the down payment on the obligation. The Base Reuse and Community Development Manager responded the City would receive $2.2 million for the Stargell Avenue project if Catellus moved forward with Target only; stated Catellus would be 100% responsible for the local match if the rest of the project moves forward; that she is not sure whether the City would be able to be reimbursed with stimulus funding. Councilmember/Commissioner Matarrese inquired whether the City could lose $3 million, which is the delta between the estimate and the actual bid, in addition to the $4 million, to which the Base Reuse and Community Development Manager responded in the affirmative. Mayor/Chair Johnson inquired whether thought should be given to phasing the project. The Interim Finance Director responded the Stargell Avenue project would not qualify for stimulus funding; stated the federal government is talking about a second, third, and fourth recovery; the City needs to look to the State because the State may be offering some incentives for ready projects; the City would draw down on the loan amount based on actual needs; not having some opportunity to repay the Sewer Fund in the next five years is less than 3%. Vice Mayor/Commissioner deHaan inquired how much money is in the Sewer Fund. The Interim Finance Director responded the true cash fund balance is approximately $18 million. Special Joint Meeting Alameda City Council and Community Improvement Commission March 17, 2009 2 Vice Mayor/Commissioner deHaan inquired where the money came from, to which the Interim Finance Director responded the money accumulated over time. Vice Mayor/Commissioner deHaan inquired what are the funding projections for the next five years. The Public Works Director responded existing projects would continue without needing to access any of the money that would be part of the loan; stated staff is currently embarking on a Sewer Master Plan to identify a twenty-year capital improvement project plan which would indicate whether property tax fees should remain the same or change. Vice Mayor/Commissioner deHaan inquired whether some of the funding would be used for Alameda Point infrastructure. The Public Works Director responded typically, developers pay improvement costs. Vice Mayor/Commissioner deHaan inquired what would be the funding stream if Catellus does not move forward. The Base Reuse and Community Development Manager responded the CIC would be the promissory note holder; stated funding could come from tax increment, bonds, or lease revenues from Alameda Reuse and Redevelopment Authority (ARRA) or Fleet Industrial Supply Center (FISC). Vice Mayor/Commissioner deHaan inquired how other tax increment projects would be impacted. The Base Reuse and Community Development Manager responded staff would start budgeting for the loan repayment; stated other redevelopment projects may have to be postponed. Councilmember/Commissioner Tam stated the staff report notes that the $2.2 million pro rata share would be triggered within 120 days of Catellus finalizing a Purchase and Sale Agreement with Target; inquired whether getting some type of entitlement before the $2.2 pro-rata share moves into City funds is not necessary, to which the Base Reuse and Community Development Manager responded in the affirmative. Councilmember/Commissioner Tam stated other revenue sources are listed in addition to the Sewer Fund; there has been an on-going Special Joint Meeting Alameda City Council and Community Improvement Commission March 17, 2009 3 impression that revenue sources are not sufficient to meet all capital needs and maintenance costs in the long run; inquired whether funds would be compromised by trying to move funding from accounts to pay for the Willie Stargell project. The Base Reuse and Community Development Manager responded the Public Works Director noted that the Sewer Fund would not be impacted; ARRA and FISC lease revenue funds are available and sufficient; funds are still available for water system upgrades. Councilmember/Commissioner Matarrese moved approval of the staff recommendations. Councilmember/Commissioner Matarrese stated the extension is needed regardless of whether Alameda Landing goes forward within the timeline. Councilmember/Commissioner Tam seconded the motion. Under discussion, Vice Mayor/Commissioner deHaan stated that he is extremely supportive of the staff recommendation; that he has concerns with potentially impacting future projects; Catellus might not move forward with Alameda Landing. Mayor/Chair Johnson stated the extension is necessary whether Catellus goes forward with Alameda Landing or not. On the call for the question, the motion carried by unanimous voice vote – 5. ADJOURNMENT There being no further business, Mayor/Chair Johnson adjourned the Special Joint Meeting at 8:23 p.m. Respectfully submitted, Lara Weisiger, City Clerk Secretary, Community Improvement Commission The agenda for this meeting was posted in accordance with the Brown Act. Special Joint Meeting Alameda City Council and Community Improvement Commission March 17, 2009 4